First Potomac Realty Trust Names Mario Silva as Director of Portfolio
BETHESDA, Md. -- April 29, 2013
First Potomac Realty Trust (NYSE:FPO), a leading owner of office and
industrial properties in the greater Washington, D.C. area, today announced
that Mario Silva has joined the company as Director, Portfolio Management. In
his role, Mr. Silva will lead long-term strategic business plan initiatives
for the portfolio, assist in developing and implementing best practices for
the department, and take an active role in the day-to-day portfolio management
responsibilities for the Company’s Southern Virginia region.
“Mario is a great addition to the First Potomac team. He brings leadership and
direction to our portfolio management team, and will be an integral part in
managing the performance of our properties,” said Patrick Kelly, Vice
President, Acquisitions and Portfolio Management of First Potomac Realty
Silva comes to First Potomac Realty Trust with over 20 years of finance and
property management experience. He most recently served as Director of
Property Management for Brookfield Office Properties/Trizec Properties, Inc.
(NYSE: BPO). During his 10 years at Brookfield he oversaw property management
for both the suburban portfolios of Maryland and Virginia, bringing them
together to operate as a cohesive unit, as well as the management of
Brookefield’s 13 Class A/B office properties located in Washington, D.C.
Previously Mr. Silva was assistant vice president of asset management at
Quadrangle Development Corporation and also worked at Archon Group, Delta
Associates, Inc and Sovran Bank of Maryland.
Silva is a certified LEED Green Associate. He is a candidate for CCIM
designation; pursuing CPM designation. Silva received his MBA in Real Estate
Finance and Urban Development from The American University and his bachelor’s
degree in Financial Management from The Catholic University of America, both
in Washington, D.C.
About First Potomac Realty Trust
First Potomac Realty Trust is a self-administered, self-managed real estate
investment trust that focuses on owning, operating, developing and
redeveloping office and industrial properties in the greater Washington, D.C.
region. As of March 31, 2013, the Company's consolidated portfolio totaled
approximately 14 million square feet. Based on annualized cash basis rent, the
Company’s portfolio consists of 43% office properties, 34% business parks and
23% industrial properties. A key element of First Potomac's overarching
strategy is its dedication to sustainability. Nearly 1 million square feet of
First Potomac property is LEED Certified, with the potential for another 1
million square feet in future development projects. Approximately half of the
portfolio's multi-story office square footage is LEED or Energy Star Certified
and 81% of First Potomac’s Washington, DC portfolio is Energy Star Certified.
FPO common shares (NYSE:FPO) and preferred shares (NYSE:FPO-PA) are publicly
traded on the New York Stock Exchange. For more information, please visit
Vikki Kayne, 301-986-9200
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